September 13, 2016

SEBI May Grant Time Uptill December 2016 to Relist For Exclusively Listed Companies

“So, once the 18-month period on the dissemination board gets over, an additional time of six months or a year could be given to these companies to raise capital to achieve the minimum capital and net worth to get listed,” the person added.

According to Sudhir Bassi, executive director at law firm Khaitan and Co., “A Sebi circular earlier said the companies which want to list on nationwide stock exchanges cannot disturb their existing capital structure till the time of compliance. It was a catch-22 situation that on one hand the company is required to list but on the other hand the company cannot change its capital structure. But if Sebi is now taking a measure to allow these companies to raise capital from investors, it is positive and a step in the right direction. This will help companies to move to a liquid trading platform, which will benefit all classes of shareholders.

OLD POST

June 06, 2016

Frick, NBI , PNB -Either Relist at BSE/NSE OR Compulsorily Delist

Small Investors' should always have an opportunity to Sell .

In the present scenario , without any proper Listing , Investors of Companies like Frick India , NBI Industrial Finance , Shree Digvijay Finlease , Dalmia Refractories , etc etc are getting , in the grey market , a mere 5 to 10 % of the Market Value they could have got by selling their shares had their Shares been Listed in BSE / NSE.

If such like shares are not Relisted in either BSE or NSE , SEBI should force their Managements to go in COMPULSORY DELISTING at a fair value to be determined by Neutral Valuers.